Green Energy
[Cross-posted yesterday at THE ASTUTE BLOGGERS]
(All emphases by Always On Watch)
From this article in The August Review:
The first of my two laws of history states as follows: It's always about the power, money and power being the same thing.
We are seeing a shift in that money-power, and the shift is accelerating.
- Shariah-compliant Finance Advisor Picked By Obama As White House Fellow
From PJM: On Tuesday, President Obama announced the appointment of this year’s “White House Fellows,” a prestigious program in which outstanding Americans are chosen to work in the White House and receive “first hand, high-level experience with...
- Congressman Keith Ellison At The Haj
From the Khaleej Times, on December 10, 2008: As Keith Ellison, the first Muslim member of the US Congress who performed Haj this week, told CNN, you forget who you are –- black or white and American or African — and where you come from when you are...
- Islamic Banking - Growth And Prospects
Check out this article from ABC Australia. It reads like a Press Release from the Saudis. From ABC Austalia: The Islamic banking industry is now worth almost an estimated US$1 trillion and is widely considered to be one of the fastest growing sectors...
- Is Sharia Banking Set To Emerge From The Fallout Of The World Economic Crisis?
Thanks to Michael Travis for sending this over to me: Economic Crisis Fallout Shari'a Banking By Ilana Freedman; Editor & CEO, Gerard Group International, Inc. A dangerous trend is arising from the failing financial markets, as some of our leading...
- Uk Looks To Become A Global Provider Of Islamic Finance
From Mortgage Strategy: A government organisation is looking to educate financial institutions in a bid to help the UK become a global provider of Islamic finance. UK Trade & Investment, which incorporates the work of the Foreign & Commonwealth...
Green Energy
Shari'a Finance On The Rise
[Cross-posted yesterday at THE ASTUTE BLOGGERS]
(All emphases by Always On Watch)
From this article in The August Review:
Simply put, “Islamic banking and finance” creates, sells and services products that are in strict accordance with Shari’a. In the Islamic culture, it is referred to as “Shari’a finance” and covers the practices of banking, investment, bonds, loans, brokerage, etc.The article concludes as follows:
To insure Shari’a compliance, banks must hire Shari’a scholars to review and approve each product and practice as “halal”, the Muslim equivalent of kosher in Judaism. Because there is a shortage of such scholars, there is competition between banks to find the best expert to sit on their boards of directors. This provides the highest legitimacy to each ruling because it is made at the director rather management level.
It should be noted that most of these scholars are from the school of radical Wahhabi/Salafi Shari’a in Saudi Arabia and elsewhere, holding views diametrically opposed to the basic values of Western civilization.
Shari’a finance has many differences from orthodox banking: Notably, it cannot charge interest (usury) and it calls for alms giving (zakat). It also calls for avoidance of excessive risk and may not be associated in any way with gambling, drinking alcohol, eating pork, etc.
Zakat demands a tithe of 2.5 percent of revenue be donated to Islamic charity. If western banks follow this rule, their contributions will be staggering. It is certain that a portion of this money will end up in the hands of radical Muslims who are sworn to destroy the U.S. and replace its government with Shari’a law.
Shari’a finance is a recent phenomenon. There were very few Islamic banks prior to 1980. However, with the Khomeini revolution in Iran in 1979, Shari’a was summarily imposed throughout Iran and Shari’a finance took off.
International bankers have long ago proven themselves to be completely amoral when it comes to money. They bankrolled the Bolshevik Revolution in 1918 just as blithely as they bankrolled Hitler in the 1930’s. Fortunately for us, neither succeeded in conquering the world.Read the entire article HERE, and note the bibliographical links at the end:
With Islam, odds of its succeeding are radically different. To start with, there are already 1.6 billion Muslims in the world, and it is the fastest growing religion in history. Secondly, the spread of Islam is richly financed by the oil that is extracted from mid-eastern countries. Thirdly, Islam has already infiltrated most of the west, especially in Europe.
And now, Islam has behind it the combined support and encouragement of the entire global banking community.
The unholy alliance between Islam and global banking may be the final leg on the age-old quest for global domination. Don’t be surprised at the silence of the global elite the next time you hear Islamist mobs chant “Death to America” – their goals are now intertwined.
Sharia’s Trojan HorseGo to the original article to enable the links for the above bibliography.
Islamic Finance or Financing Islamism? (.pdf file)
Islamic Economics: What Does it Mean?
Federal Reserve speech to Islamic Financial Services Industry Seminar
Fed speech on Regulation and Supervision of Islamic Banking
Islamic banking rises on oil wealth, drawing non-Muslims
How the West Came to Run Islamic Banks
12th Annual World Islamic Banking Conference
University Islamic Financial
Islam and Mammon, Timur Kuran
See also Video Center, Islam/Shari'a on The August Review
The first of my two laws of history states as follows: It's always about the power, money and power being the same thing.
We are seeing a shift in that money-power, and the shift is accelerating.
- Shariah-compliant Finance Advisor Picked By Obama As White House Fellow
From PJM: On Tuesday, President Obama announced the appointment of this year’s “White House Fellows,” a prestigious program in which outstanding Americans are chosen to work in the White House and receive “first hand, high-level experience with...
- Congressman Keith Ellison At The Haj
From the Khaleej Times, on December 10, 2008: As Keith Ellison, the first Muslim member of the US Congress who performed Haj this week, told CNN, you forget who you are –- black or white and American or African — and where you come from when you are...
- Islamic Banking - Growth And Prospects
Check out this article from ABC Australia. It reads like a Press Release from the Saudis. From ABC Austalia: The Islamic banking industry is now worth almost an estimated US$1 trillion and is widely considered to be one of the fastest growing sectors...
- Is Sharia Banking Set To Emerge From The Fallout Of The World Economic Crisis?
Thanks to Michael Travis for sending this over to me: Economic Crisis Fallout Shari'a Banking By Ilana Freedman; Editor & CEO, Gerard Group International, Inc. A dangerous trend is arising from the failing financial markets, as some of our leading...
- Uk Looks To Become A Global Provider Of Islamic Finance
From Mortgage Strategy: A government organisation is looking to educate financial institutions in a bid to help the UK become a global provider of Islamic finance. UK Trade & Investment, which incorporates the work of the Foreign & Commonwealth...